What Is Corporate Governance?
For those readers who are interested in English literature and know one of the poet Philip Larkin’s most famous quotes, it could be reworked for corporate governance as “Corporate Governance began in nineteen ninety-one.”
Of course, it did not start in 1991, and in the second section of the chapter, it will be shown how corporate governance developed over the centuries. However, from a UK perspective, 1991 was a critical year in the development of corporate governance. In May 1991, the Financial Reporting Council, the Stock Exchange, and the accountancy profession joined together and tasked Sir Adrian Cadbury to form a committee to consider corporate governance.
It was set up to ...
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